BTC in a beautiful channel
Hi all,
It looks like BTC already found his bottom.
We are in a massive channel and we also see a divergence in MACD.
Tomorrow we will hear what the FED will do, increasing interest rates faster or not ...
That will determine if we go up or not.
I think they will keep it like they said, 2x increase this year and 4x next year.
If they increase directly the interest rates, that will crash the economy.
If they don't inflation will get higher probably. I think they prefer the second choice.
What are your thoughts?
NFA.
It looks like BTC already found his bottom.
We are in a massive channel and we also see a divergence in MACD.
Tomorrow we will hear what the FED will do, increasing interest rates faster or not ...
That will determine if we go up or not.
I think they will keep it like they said, 2x increase this year and 4x next year.
If they increase directly the interest rates, that will crash the economy.
If they don't inflation will get higher probably. I think they prefer the second choice.
What are your thoughts?
NFA.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.